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Nigeria Cannot Borrow Its Way To Development – Oyedele

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The informal sector integration is the hardest part. You can’t tax a man who doesn’t see government presence in his life. Give them light and security first, then they will join the net.

Digital filing is fine for the ‘Tech Bros’ in Yaba, but what about the Mama Put in Mushin or the trader in Onitsha? We need a system that doesn’t require a PhD in Computer Science to be a good citizen.

Data integration is the secret. Link NIN to Tax ID to Bank Account. No more hiding for the ‘Big Men’ who own 10 houses but pay N0 in tax.

15 states have harmonized their taxes? What are the other 21 doing? We need this yesterday! I can’t be paying for ‘Radio Permit’ in Lagos and ‘Environment Levy’ in Ogun for the same delivery van.

Citizens perceive the tax system as unfair because they don’t see what the money does. Fix the Lagos-Abeokuta expressway and watch people line up to pay their taxes happily.

Shettima says we are skeptical because it has never happened before. He is 100% right. In Nigeria, ‘reform’ usually means ‘the poor will suffer more.’ Show us the schools and roads built with this money first.

Growing to a $1tn economy by 2030? I like the ‘ginger,’ but let’s first make sure the N10,000 in my pocket can buy more than two tubers of yam.

Minister Oyedele says we can’t rely on borrowing, but the news right next to it says we are asking for $1.25bn. Haba! This is like a man telling his wife ‘no more credit’ while he is standing in the queue at the bread shop with a debt note.

Reducing corporate tax is smart. We need factories to stay in Nigeria, not to move to Ghana or Benin Republic. Let them breathe so they can hire our graduates.

Revenue-to-debt servicing dropping from 120% to 68% is actually a massive jump if the data is real. It means the elephant is finally learning how to manage its weight.

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